Name: Effects of TTIP on EU service sector productivity in 2030
Creator: Statista

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This statistic shows the projections of the effects of the Transatlantic Trade and Investment Partnership (TTIP) on European Union service sector productivity in 2030. As a result of an ambitious TTIP implementation this model predicts an additional 0.5 percent growth in the EU construction industry over baseline in 2030.

Impact of the Transatlantic Trade and Investment Partnership on EU service sector productivity in 2030

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Release date

May 2016

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Region

United States, EU

Survey time period

2013

Supplementary notes

The ambitious and less ambitious projections of TTIP are based on an updated version of the model from the 2013 Centre for Economic Policy Reasearch study on TTIP. The changes in the updated model used here include extending the economic forecasts from 2027 to 2030 as well as updating the baseline with which the TTIP-based projections are compared.
The model for the less ambitious TTIP scenario includes: 98 percent of tariffs eliminated; 10 percent of non-tariff barriers (NTBs) on good and services eliminated (20 percent actionable), except for processed foods where no reduction of NTBs has been modelled; a 25 percent reducation in procurement NTBs.
The model for the ambitious TTIP scenario includes: 100 percent of tariffs eliminated; 25 percent of NTBs on goods and services eliminated (50 percent of actionable), except for processed foods where no reduction of NTBs has been modelled; a 50 percent reduction in procurement NTBs.